XML 71 R61.htm IDEA: XBRL DOCUMENT v3.19.3
Schedule of Changes in Fair Value of Level 3 Contingent Consideration (Detail) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 29, 2019
Sep. 30, 2018
Sep. 29, 2019
Sep. 30, 2018
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]        
Balance at beginning of period $ 26,847 $ 60,914 $ 70,543 $ 45,102
Acquisition of MiR [1] (7,759) (768) (16,460) (9,236)
Foreign currency impact (1,008) 796 (1,413) (1,770)
Payments [2]     (34,590) (24,553)
Fair value adjustment       51,399
Balance at end of period $ 18,080 $ 60,942 $ 18,080 $ 60,942
[1] In the three and nine months ended September 29, 2019, the fair value of contingent consideration for the earn-out in connection with the acquisition of MiR was decreased by $7.8 million and $16.5 million, respectively, primarily due to a decrease in the forecasted revenue, partially offset by impact from the modification, in the three months ended September 29, 2019, of the earn-out structure. In the three and nine months ended September 30, 2018, the fair value of contingent consideration for the earn-out in connection with the acquisition of Universal Robots A/S (“Universal Robots”) was decreased by $0.8 million and $9.2 million, respectively, primarily due to a decrease in forecasted revenue.
[2] In the nine months ended September 29, 2019, Teradyne paid $30.8 million and $3.8 million of contingent consideration for the earn-outs in connection with the acquisition of MiR and Universal Robots, respectively. In the nine months ended September 30, 2018, Teradyne paid $24.6 million of contingent consideration for the earn-out in connection with the acquisition of Universal Robots.